Emerson Electric jumps on Q3 beat, proposal to buy rest of AspenTech shares
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Emerson (EMR) PT Raised to $140 at Deutsche Bank
November 5, 2024 4:17 PM ESTDeutsche Bank analyst Nicole DeBlase raised the price target on Emerson (NYSE: EMR) to $140.00 (from $136.00) while maintaining a Buy rating.
The analyst comments "EMR stock traded up nearly 7% today, and while the modest 3% 4Q24 core adj. segment EBITA beat and FY25 guidance positioned 1% above... More
JPMorgan Reiterates Neutral Rating on Emerson (EMR)
November 5, 2024 8:23 AM ESTJPMorgan analyst C. Stephen Tusa Jr. reiterated a Neutral rating and $135.00 price target on Emerson (NYSE: EMR).
The analyst comments "A better than expected result, with upside sales on the hardware businesses dropping through with a beat on margins, and strong FCF. Looking ahead, orders came within the guided range at 2%, and backlog continues to normalize down to $7.16 B V $7.4 B in... More
Citi Reiterates Buy Rating on Emerson (EMR)
November 5, 2024 8:22 AM ESTCiti analyst Andrew Kaplowitz reiterated a Buy rating and $128.00 price target on Emerson (NYSE: EMR).
The analyst comments "EMR reported what we view as solid F4Q24 results and a constructive initial FY25 outlook reflecting a still positive growth outlook and an expectation of continued... More
Morgan Stanley Reiterates Underweight Rating on Emerson (EMR)
November 5, 2024 8:20 AM ESTMorgan Stanley analyst Chris Snyder reiterated an Underweight rating and $105.00 price target on Emerson (NYSE: EMR)
The analyst comments "Reaction: While shares are pointing up materially in the pre-market, we would expect just a muted reaction for EMS shares despite the high... More
KeyBanc Reiterates Overweight Rating on Emerson (EMR)
November 5, 2024 8:00 AM ESTKeyBanc analyst Ken Newman reiterated an Overweight rating and $125.00 price target on Emerson (NYSE: EMR)
The analyst comments "This morning Emerson Electric Co. (EMR- NYSE) reported net sales of $4,619 million (+13% y/y on pro-forma basis) vs. consensus of $4,566 million and our model of... More
